Skip to: Main Content | Site Links

 
Find out more

What are ISA all about?

ISA stands for Individual Savings Account. They’re the Government’s way of encouraging you to save by giving you a tax incentive.

Normally, on things like bank and building society accounts, unit trusts and the like, the taxman swipes at least 20% off the interest your savings earn. Not with an ISA. You don’t even have to tell the taxman about ISA investments. 

Because they’re so good, the taxman limits how much you can save in an ISA. Each tax year you can invest from £1 to £7,000. You can either invest it in one Maxi ISA, or spread it over Mini ISAs. See below for a diagram of your ISA allowance.

Tell me more about Virgin ISA

Virgin Maxi ISAs
Most people go for a Maxi ISA because it lets you mix investments in a single account. You can invest the whole £7,000 in stock market type investments, or keep some cash if you need to. You've got flexibility.

ISA allowances - 1 maxi ISA (all stocks and shares or stocks and shares with cash, £7,000 max investment limit.) OR up to 2 mini ISAs; stocks and shares mini ISA, £4,000 max investment; cash mini ISA, £3,000 max investment.Virgin Mini ISAs
If you're looking to invest less than £4,000, or only want to invest in cash, you may want to look at Mini ISAs instead. Virgin offer two types of Mini ISA – Stocks & Shares, and Cash.

Our Stocks and Shares Mini ISA lets you invest up to £4,000 in stock market shares and/or bonds and gilts.

Our Cash Mini ISA lets you keep up to £3,000 in cash. It's just like a deposit account, but without the tax.

Charges
We don’t believe in front-end charges like bid-offer spreads. For investments in our index tracking fund or our bond and gilt fund there's a single annual management charge of 1% of the value of your savings, and that's it. There are no other charges, and no charges at all on our Cash ISA.

Sounds good – What else do I need to know?

It’s worth bearing in mind that stock market investments can go down as well as up and there’s no guarantee you’ll get back all you invest. Also, the tax treatment of ISAs could change in future.